Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Eric James Stone, a former financial advisor previously associated with Fidelity Brokerage Services LLC in Jacksonville, Florida. If you’ve worked with Eric Stone and experienced investment losses or concerns about your account management, understanding his regulatory history and potential red flags is crucial for protecting your financial interests.
Who is Eric Stone?
Table of Contents
Eric James Stone (CRD #5227654) worked as a stockbroker and financial advisor with Fidelity Brokerage Services LLC before his registration ended. Based in Jacksonville, Florida, Stone is no longer registered with FINRA and currently has no active employer in the securities industry. This change in registration status raises important questions for investors who may have worked with him during his time at Fidelity.
The fact that Stone is no longer registered doesn’t mean investors lose their rights. Former clients can still pursue FINRA arbitration claims against both Stone and his former employer for potential misconduct that occurred during his employment.
Red Flags and Investor Concerns
Several factors in Eric Stone’s professional profile warrant careful attention from investors:
- No Current FINRA Registration – Stone’s departure from the securities industry means he’s no longer subject to active regulatory oversight
- Employment Termination – The circumstances surrounding his departure from Fidelity require scrutiny
- Potential Unsuitable Investment Recommendations – Questions about whether investment strategies aligned with client risk tolerances and objectives
- Account Management Concerns – Issues related to how client accounts were handled during his tenure
Understanding Your Rights as an Investor
If you invested with Eric Stone at Fidelity, you maintain important legal rights. FINRA arbitration provides a forum for investors to seek recovery even after an advisor leaves the industry. The key is acting within the applicable time limits and understanding the strength of your potential claim.
Investment losses alone don’t automatically indicate wrongdoing. However, when combined with other factors such as:
- Investments that didn’t match your risk tolerance
- Lack of diversification in your portfolio
- Excessive trading or account churning
- Unauthorized transactions
- Misrepresentation of investment risks
These circumstances may form the basis for a viable claim.
Why This Investigation Matters
Haselkorn & Thibaut’s investigation focuses on protecting investor interests and determining whether clients suffered losses due to potential misconduct. With over 50 years of experience in securities litigation, the firm understands the complexities of investment fraud cases and the importance of thorough investigation.
The firm’s 98% success rate demonstrates their effectiveness in helping investors recover losses. Operating on a “no recovery, no fee” basis, they ensure that seeking justice doesn’t create additional financial burden for affected investors.
Common Types of Broker Misconduct
Understanding potential forms of advisor misconduct helps investors recognize warning signs:
| Type of Misconduct | What It Means for Investors |
|---|---|
| Unsuitable Recommendations | Investments that don’t match your financial situation or goals |
| Excessive Trading | Unnecessary buying and selling that generates commissions but hurts returns |
| Misrepresentation | False or misleading statements about investment risks or potential returns |
| Unauthorized Trading | Transactions made without your knowledge or consent |
What Should Affected Investors Do?
If you worked with Eric Stone at Fidelity and have concerns about your investments, taking prompt action is essential:
- Gather your account statements and any correspondence with Stone
- Document your investment losses and the timeline of events
- Review your initial investment objectives and risk tolerance forms
- Check Stone’s BrokerCheck record for any updates
- Consult with experienced securities attorneys who can evaluate your situation
The Importance of Acting Quickly
Time limits apply to FINRA arbitration claims, typically six years from the event giving rise to the claim. However, various factors can affect these deadlines, making early consultation with experienced attorneys crucial. The sooner you act, the better positioned you’ll be to preserve evidence and protect your rights.
Many investors hesitate to pursue claims, worried about costs or complexity. Haselkorn & Thibaut’s contingency fee structure removes financial barriers, allowing you to seek justice without upfront costs. Their extensive experience handling cases against major brokerage firms like Fidelity means they understand the strategies needed for successful recovery.
Take Action to Protect Your Financial Future
Investment losses can significantly impact your financial security and future plans. If you’ve experienced losses or have concerns about Eric Stone’s handling of your accounts at Fidelity, you deserve answers and potentially compensation.
Haselkorn & Thibaut offers free consultations to help investors understand their options. With decades of experience, millions recovered for clients, and a commitment to investor protection, they provide the expertise needed to navigate complex securities claims.
Don’t let concerns about your investments go unaddressed. Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation about your situation. Their team can review your case, explain your rights, and help you understand the best path forward for recovering potential losses.
Remember, there’s no fee unless they recover money for you, making it risk-free to explore your options and protect your financial interests.
